An indicator of pattern #55 (“Dead cat bounce, inverted”) from Encyclopedia of Chart Patterns by Thomas N. Bulkowski.
Parameters:
- Alerts – show alert when an arrow appears
- Push – send a push notification when an arrow appears (requires configuration in the terminal)
- PeriodBars – indicator period
- GapSize – minimum gap size in points
- ArrowType – a symbol from 1 to 17
- ArrowVShift – vertical shift of arrows in points
- Auto5Digits – automatic multiplication of GapSize and ArrowVShift by 10 when working with 5 and 3 digit quotes.
Note. Arrows appear on a forming bar and do not disappear.
It cannot be guaranteed that the indicator recognizes the patterns exactly as implied by the author.
Recommended optimization parameters: PeriodBars, GapSize.
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